GOLD FALLS ₹1,800 TO ₹95K/10G

DOMESTIC equity market surged sharply on Thursday with the benchmark NSE Nifty reclaiming the 25,000 mark after seven months and BSE Sensex advancing 1,200 points.

- ARSHAD KHAN @New Delhi

The fresh rally is primarily attributed to softening of inflation and easing trade tensions between India and the USA.

The BSE Sensex gained 1,200.18 points or 1.48% to settle the day at 82,530.74 while the Nifty settled above the 25,000 mark at 25,062.10, up by 395.20 points or 1.6%. The two benchmarks have rallied about 4% each in the four sessions of this week. "The bullish momentum was underpinned by a favorable shift in global cues and renewed optimism surrounding a potential India-US trade agreement. Additionally, a rally in rate-sensitive sectors on growing expectations of a rate cut, coupled with sustained foreign institutional investor (FII) inflows, added to the upside," said analysts at Bajaj Broking Research.